Roxmore Resources Significantly Expands Land Position at Converse Gold Project By 70%

• Land Expansion: Roxmore Resources expanded its land position at the Converse Gold Project in Nevada by 70%, increasing total acreage from 7,784 to 13,257 acres.
• Acquisition Cost: The expansion cost approximately US$700,000 over the past six months via staking and private land acquisition.
• Strategic Purpose: The additional land provides flexibility for mining infrastructure layout ahead of the upcoming Preliminary Economic Assessment (PEA).
• Project Context: The project currently holds 5.57Moz Au Measured/Indicated Resources and 0.42Moz Inferred Resources.
• Upcoming Catalysts: Q2 2026 PEA release, additional drill results from current program, and silver re-assay results in Q3 2026.

• Execution of Known Plan: The land expansion aligns with the work plan announced during the C$32.64M financing in February 2026, which included permitting studies and infrastructure planning. It is not an unexpected discovery or major financial term change.
• Cost vs. Capital Raised: At US$700,000, the cost of expansion is negligible compared to the C$32.64M raised in March 2026 (approx. US$24-25M equivalent). This does not materially alter the company's cash runway or capital structure.
• Valuation Impact: While securing land for a mine plan reduces long-term risk, it does not immediately increase resource tonnage or grade. The stock price has already doubled from the financing price ($2.40) to current levels ($5.10), suggesting much of the operational progress is priced in.
• Catalyst Timing: The news arrives just prior to the Q2 2026 PEA release, serving as a confidence builder for the economic study but not a standalone valuation driver.

• Company: Roxmore Resources Inc. (TSX: RM, OTCQX: GARLF).
• Flagship Project: Converse Gold Project, located in the Battle Mountain - Eureka Trend, Nevada, USA.
• Project Status: Advanced exploration/pre-feasibility stage.
• Resource Base: 5.57Moz Au Measured and Indicated; 0.42Moz Au Inferred (per April 17 news).
• Recent Corporate Actions: Acquired Taura Gold Inc. in Nov 2025, uplisted to TSX in Feb 2026, raised C$32.64M in March 2026.